Guangzhou China Real Estate
Blackstone has become America's largest landlord by acquiring a majority stake in a logistics park in Guangzhou for $1.1 billion. The project will strengthen the Group's brand presence in the region and will be the first of its kind in China to be jointly developed by Yuexiu Property and Poly Real Estate. Blackstone is buying a 50% stake in Guangdong Integrated Logistics Park (GIGP), a logistics and logistics development project, from Guangdui R & F Properties for a total of $2.2 billion in cash.
Guangdong is located in one of the richest provinces in China and is the second largest city in the country after Shenzhen with a population of more than 2.5 million people and the third largest in terms of population. Located at the crossroads of two of China's most important economic centers, it enjoys easy and quick access to local amenities. A lot of economic activity is taking place in and around Shenzen and Guangzhou, and it has also gained a lot in economic impact. However, investment in suburban real estate has been limited to the economic growth of this region, particularly in the suburbs.
Together with Shanghai, Beijing and Shenzhen, Guangzhou is one of the four most expensive cities. Prices in Guangdong are lower than in other cities in China, but the average price per square foot is still above $5,907, according to the Real Estate Institute of China.
Guangzhou is located in Guangdong and is the third largest city and an economic powerhouse. The city with the fastest-rising real estate prices is about 80 kilometers north of Hong Kong, and is not Beijing or Shanghai, but Shenzhen, China's second most expensive city.
Guangzhou is one of China's busiest areas, attracting investors and expats from around the world, including the United States, Europe, Japan, the Middle East and South America. This is particularly evident in the city's high-end real estate markets, such as Hong Kong and Guangdong.
The Nansha District and Zengcheng District have the highest overall scores and rank first among the eleven counties, indicating that after years of development, suburbanisation of real estate in Guangzhou has gradually spread to peripheral regions. Huangpu District and Panyu District had the lowest overall score in terms of the investment environment in the city, suggesting that it is due to a combination of factors such as the quality of infrastructure and number of housing units, and proximity to the central business district. The suburban region currently borders the cities of Guangdong, Guangxi Zhuang, Zhejiang, Jiangsu and Hainan. This suggests that the apparent trend of spreading to the suburbs is evident in these suburban regions.
It is said that Guangzhou is a first class city and that the availability of land in the central area is limited. This theory seems to be borne out and is the basis for the growth of suburbanisation of real estate in Guangdong in recent years.
Although China's residential real estate market is only a few decades old and early price volatility is inevitable, Ji adds, "China's residential real estate market is still in its infancy, and while it is likely to remain strong, it could decline if the ghost town fits in.
Meanwhile, demand for high-quality office space in Guangzhou is robust over the next five years, he says, and predicts a "broadly balanced" market. Meanwhile, demand for office space in Hong Kong, the world's second-largest city, is "robust" over the next five years, he says, "the market is largely balanced."
If you would like to know more about Chinese real estate marketing, please write a comment below or send an email to ideamake. PGIM Real Estate is one of the largest and most respected real estate brokers in the world. The company is owned by five of China's five largest private equity firms and is one of the country's top ten private equity firms.
The Chinese real estate market is the world's leading Internet portal for measuring real estate markets in China and other parts of the world. The data source was selected by the Beijing Real Estate Information Center (BEC) of the National Bureau of Statistics of China (NBS) and the Chinese Academy of Social Sciences (CASS). It is the official real estate information platform created by the State Administration of Public Security (SAPS) in Beijing, the country's top public order authority.
The largest real estate companies have decided to build more residential areas for the working men and women of Guangzhou. Located in the southern part of the city, near the border of Guangdong province and Hong Kong, it is one of China's most popular tourist destinations.
Real estate in Guangzhou is quickly being taken up because demand is high and time wasted on unsuitable properties can be expensive. According to a real estate industry expert in the southern metropolis of Guangdong, curbing government speculation is one of the reasons developers are looking elsewhere for returns. The government will probably develop a new policy to address the housing issue in Shenzhen, "Zhong Lun, a senior partner at Beijing law firm Zhong-Lun, told Al Jazeera. He said the policy was never officially announced, but the major real estate developers were informed accordingly.